Sen. Ron Wyden, D-Ore., has released a draft for a new U.S. privacy law, Axios reports.  The law would establish a national “Do Not Track” opt-out website that would give users the ability to tell companies with more than $50 million in revenue to stop sharing their information. Wyden’s draft bill also gives the Federal Trade Commission the power to fine companies for their first offense and send executives to prison for 20 years should they intentionally mislead the agency. The FTC would receive more staff members if the bill becomes a law. The draft does not say the federal government should preempt any state laws.
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